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BANK RATE GOING UP?

April 18th, 2018
BCREA ECONOMICS NOW

Bank of Canada Interest Rate Announcement - April 18, 2018

The Bank of Canada decided to leave the target for the overnight policy rate unchanged at 1.25 per cent this morning. In the statement accompanying the decision, the Bank noted that inflation is forecast to be slightly higher in 2018 than originally expected but will return to the Bank's 2 per cent target once the im ...

Interest Rates Won't Rise - For Now.

March 7th, 2018
BCREA ECONOMICS NOW

Bank of Canada Interest Rate Announcement  - March 7, 2018

The Bank of Canada opted to maintain its target for the overnight interest rate this morning at 1.25 per cent.  In the statement accompanying the decision, the Bank noted that although growth in the Canadian economy slowed more than expected in the fourth quarter of 2017, the economy is expected to operate at capacit ...

Expect Another Interest Rate Hike This Year

February 23rd, 2018

BCREA ECONOMICS NOW

 

Canadian Inflation - February 23, 2018

 

Canadian inflation, as measured by the Consumer Price Index (CPI), slowed for a second consecutive month to 1.7 per cent year-over-year, down from 1.9 per cent in December. The Bank of Canada's three measures of trend inflation were either up or flat in January, and are all now close to 2 per cent.   In BC, provincial consumer ...

Why the Bank Rate Will Stay Steady

December 6th, 2017
BCREA ECONOMICS NOW

Bank of Canada Interest Rate Announcement - December 6, 2017



The Bank of Canada maintained its target for the overnight rate at 1 per cent this morning. In the statement accompanying the decision, the Bank noted that the Canadian economy is evolving as expected, with growth slowing in the second half of the year.   On inflation, the Bank expects the continued absorption of e ...

BoC Rate Hike Next Week Unlikely

October 20th, 2017
BCREA ECONOMICS NOW

Canadian Retail Sales and Inflation - October 20, 2017

Canadian inflation, as measured by the Consumer Price Index (CPI), registered 1.6 per cent in the 12 months to September, up from 1.4 per cent in August.  The Bank of Canada's three measures of trend inflation were largely unchanged, averaging 1.6 per cent.   In BC, provincial consumer price inflation was 2.0 per cent in ...

Stress Tests Even For Conventional Mortgages Coming in 2018

October 17th, 2017
BCREA ECONOMICS NOW

OSFI Announcement of Change to Mortgage Underwriting - October 17, 2017

The Office of the Superintendent of Financial Institutions (OSFI) announced new restrictions on uninsured mortgages today. Effective January 1, 2018, all home-buyers with a down-payment of more than 20 per cent will have to qualify at the higher of the posted 5-year qualifying rate and their contractual ...

Surprise! BoC Jacks Up Prime.

September 6th, 2017
BCREA ECONOMICS NOW

Bank of Canada Interest Rate Decision - September 6, 2017

The Bank of Canada announced this morning that it is raising its target for the overnight rate by 25 basis points to 1 per cent. In the press release accompanying the decision, the Bank noted that recent economic data have been stronger than expected but growth is forecast to moderate in the second half of the year.  ...

2nd Q Growth Strengthens BoC Case For October Rate Hike

August 31st, 2017
BCREA ECONOMICS NOW

Canadian Economics Growth Q2'2017 - August 31, 2017

The Canadian economy posted a second consecutive quarter of stellar economic growth, with real GDP expanding by  an annualized 4.5 per cent in the second quarter of 2017.  That is the strongest rate of economic growth since the third quarter of 2011.  Quarterly real GDP growth has averaged a remarkable 3.7 per cent over the ...

Fall Interest Hike Likely, Low Inflation Mitigates More

July 30th, 2017

BCREA ECONOMICS NOW

Canadian Monthly Real GDP Growth (May) - July 28, 2017

The Canadian economy posted blockbuster growth in May, expanding 0.6 per cent on a monthly basis and 4.6 per cent year-over-year.  This was the seventh consecutive month of positive growth for the Canadian economy. Moreover, growth was broad based with output increasing in 14 of 20 industrial ...

Low Inflation Likely Mitigates Future Interest Hikes

July 21st, 2017

Canadian Retail Sales and Consumer Price Inflation - July 21, 2017

Canadian inflation, as measured by the Consumer Price Index (CPI), registered just 1 per cent in the 12 months to June. That is down from 1.3 per cent in May.   The Bank of Canada's new core measure of inflation, called CPI-common,  registered 1.4 per cent, a sight uptick from May.   In BC, provincial consumer price inf ...

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